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Post by jacksrbtr on Nov 6, 2014 21:21:10 GMT -5
Current downside target in gold is 930's, against 1175 resistance. ITMS's calling for a multi-year bottom for gold to be put in soon at the $1111/oz. mark fwiw.
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Post by huh on Nov 7, 2014 17:30:35 GMT -5
From ST: TalkMarkets Best Day For Gold Since September 2013 $GLD stks.co/f1Hcb Not the kind of thing you want to hear if looking for a bottom after a large decline. Dead cat bounces have the biggest bounces, and usually means the bottom's not in yet. Not the longer term one anyway. -JMHO
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Post by maxi on Nov 11, 2014 14:32:37 GMT -5
pretty damn good dead cat bounce. Would be great tho if it reversed again tomorrow. I keep watching the 3x funds and they are simply insane. Of course now JNUG is OVERover SOLDsold So do I risk it or just enjoy the show? (Risk buying JDST)
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Post by maxi on Nov 11, 2014 14:42:54 GMT -5
ok to answer my own question. JDST has been making lower lows and lower highs in spite of the insane moves. In contrast of course JNUG has been moving UP..... Still no trend but I love watching these 2....
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Post by maxi on Nov 11, 2014 14:46:09 GMT -5
I hope Sloop held onto that AUY... it paid off today... FSM is a good one too. Had good er and is now profitable. Not saying everything will go up from here just making notes...
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Post by novie08 on Nov 11, 2014 19:04:51 GMT -5
I hope Sloop held onto that AUY... it paid off today... FSM is a good one too. Had good er and is now profitable. Not saying everything will go up from here just making notes... Keep posting those notes, girl! Own both AUY and FSM, the former way too long, the latter a more recent buy. What a day for it! I have noticed the miners' stock prices have been Preceding the spot prices. The naysayers are predicting gold as low as $700 next year.
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Post by clinton on Nov 12, 2014 7:10:02 GMT -5
SLW Silver Wheaton misses by $0.01, misses on revenue Silver Wheaton (NYSE:SLW): Q3 EPS of $0.20 misses by $0.01.Revenue of $165.9M (-0.3% Y/Y) misses by $11.38M.
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Post by huh on Nov 13, 2014 9:11:04 GMT -5
If gold can't break back up into this descending triangle very soon (>1180), it's going to fall hard again (930's-950's). That downside target still lines up with that same target I reiterated back in early October:
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Post by huh on Nov 14, 2014 8:54:36 GMT -5
Gold target <1120 after this small bounce. (does this pattern look familiar?)
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Post by huh on Nov 14, 2014 10:43:36 GMT -5
That's the bounce I was expecting (actually about 9 bucks higher than I expected!).
Short trade/pattern would break >1180 now - above there and it could keep on squeezing.
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Post by novie08 on Nov 14, 2014 11:15:53 GMT -5
Yep, they immediately took it down at that mark. Amazing squeeze in light of the G-20 meetings. Now making another attempt to bust through. Usually, they take 'em down during the 11:30-12:30 EST time period.
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Post by novie08 on Nov 14, 2014 13:14:48 GMT -5
Ohhhh...squeezes everywhere. SVM +21%.
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Post by huh on Nov 15, 2014 8:01:29 GMT -5
If gold can't break back up into this descending triangle very soon (>1180), it's going to fall hard again (930's-950's). ... Well, it only took a day and gold right back into the descending triangle. If it can manage to stay above the bottom of the triangle for one more day, the upside could be substantial. And same set-up for GLD:
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Post by jacksrbtr on Nov 15, 2014 9:47:19 GMT -5
If gold can't break back up into this descending triangle very soon (>1180), it's going to fall hard again (930's-950's). ... Well, it only took a day and gold right back into the descending triangle. If it can manage to stay above the bottom of the triangle for one more day, the upside could be substantial. And same set-up for GLD: I give the odds of breaking to the upside 25-30% if that. Thanks for the update.
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Post by maxi on Nov 15, 2014 18:46:31 GMT -5
If gold can't break back up into this descending triangle very soon (>1180), it's going to fall hard again (930's-950's). ... Well, it only took a day and gold right back into the descending triangle. If it can manage to stay above the bottom of the triangle for one more day, the upside could be substantial. And same set-up for GLD: Don't we have a pin at the top function on here so that chart with the descending triangle stays accessible?
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Post by jacksrbtr on Nov 15, 2014 19:29:26 GMT -5
[/quote]Don't we have a pin at the top function on here so that chart with the descending triangle stays accessible? [/quote] Your Q goes back to the idea of having an accessible archive and I dunno how to do that maybe the Nut does?
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Post by walnut on Nov 15, 2014 19:51:42 GMT -5
Yes sorry I will work on it
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Post by novie08 on Nov 16, 2014 20:15:30 GMT -5
I'm with Jack, even more bearish tho. So that could be good news for bulls. News reports saying Soros has dumped in Q3 whereas Paulson has maintained (source: Reuters). That being said, someone just bought a lower low. Silver +.85% for a few seconds.
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Post by jacksrbtr on Nov 16, 2014 21:00:06 GMT -5
I'm with Jack, even more bearish tho. So that could be good news for bulls. News reports saying Soros has dumped in Q3 whereas Paulson has maintained (source: Reuters). That being said, someone just bought a lower low. Silver +.85% for a few seconds. You and me kid - we'll knock 'em dead!
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Post by novie08 on Nov 16, 2014 22:13:48 GMT -5
I'm with Jack, even more bearish tho. So that could be good news for bulls. News reports saying Soros has dumped in Q3 whereas Paulson has maintained (source: Reuters). That being said, someone just bought a lower low. Silver +.85% for a few seconds. You and me kid - we'll knock 'em dead! Are you hedging at all with shorts? As soon as I sold some silver miners, they bounced! If I didn't know better, I'd swear they were watching! Bad, bad bots. What the heck does that emoticon mean?
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